Assenagon Asset Management S.A. Purchases 38,461 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Assenagon Asset Management S.A. lifted its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 121.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,025 shares of the company's stock after acquiring an additional 38,461 shares during the period. Assenagon Asset Management S.A. owned 0.26% of Bridgewater Bancshares worth $992,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Riverwater Partners LLC increased its position in Bridgewater Bancshares by 31.5% during the 3rd quarter. Riverwater Partners LLC now owns 23,498 shares of the company's stock valued at $320,000 after buying an additional 5,627 shares in the last quarter. SG Americas Securities LLC bought a new position in Bridgewater Bancshares during the 3rd quarter valued at approximately $100,000. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares during the 2nd quarter valued at approximately $35,000. Pacific Ridge Capital Partners LLC increased its position in Bridgewater Bancshares by 13.5% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 108,804 shares of the company's stock valued at $1,263,000 after buying an additional 12,941 shares in the last quarter. Finally, Sei Investments Co. increased its position in Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company's stock valued at $167,000 after buying an additional 2,713 shares in the last quarter. Institutional investors own 65.83% of the company's stock.

Bridgewater Bancshares Stock Performance

Shares of BWB stock traded down $0.30 on Friday, reaching $14.30. The stock had a trading volume of 34,383 shares, compared to its average volume of 38,438. The stock has a market cap of $391.11 million, a P/E ratio of 13.62 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 1 year low of $9.75 and a 1 year high of $15.66. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day simple moving average of $14.33 and a 200 day simple moving average of $12.87.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BWB. DA Davidson increased their target price on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Piper Sandler increased their target price on Bridgewater Bancshares from $13.00 to $17.00 and gave the company an "overweight" rating in a research note on Monday, July 29th.

Insider Transactions at Bridgewater Bancshares

In related news, Director David B. Juran sold 2,060 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.66, for a total value of $30,199.60. Following the transaction, the director now directly owns 1,341,407 shares of the company's stock, valued at approximately $19,665,026.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Bridgewater Bancshares news, Director David B. Juran sold 2,060 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.66, for a total transaction of $30,199.60. Following the sale, the director now directly owns 1,341,407 shares of the company's stock, valued at $19,665,026.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Trutna sold 5,000 shares of the firm's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the sale, the director now directly owns 102,072 shares in the company, valued at approximately $1,440,235.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,091 shares of company stock worth $477,952 in the last ninety days. Insiders own 23.21% of the company's stock.

Bridgewater Bancshares Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.